Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
TransMontaigne Partners LLC incurred term loan of $150 million with Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto at adjusted SOFR rate plus an applicable margin of 3.50% or an alternate base rate maturing November 17, 2028.
- Instrument
- term loan
- Principal
- $150 million
- Counterparty
- Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto
- Rate
- adjusted SOFR rate plus an applicable margin of 3.50% or an alternate base rate
- Maturity
- November 17, 2028
- Event
- incurrence
Exact text from the filing
incurrence of a new tranche of term loans under the credit facility in an aggregate principal amount of $150 million (the “Incremental Term Loan Facility”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
TransMontaigne Partners LLC amended Amendment No. 2 with Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto valued at $150 million (effective 2024-04-15).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto
- Value
- $150 million
- Effective
- 2024-04-15
Exact text from the filing
TransMontaigne Partners LLC (the “Company”), as parent guarantor, and TransMontaigne Operating Company L.P., a Delaware limited partnership and wholly owned subsidiary of the Company (“OpCo”), entered into an Amendment No. 2 (the “Amendment”) to its existing Credit Agreement dated as of November 17, 2021 among the Company, OpCo, Barclays Bank PLC, as administrative agent and collateral agent, and the lenders party thereto, which provides for, among other things, the incurrence of a new tranche of term loans under the credit facility in an aggregate principal amount of $150 million (the “Incremental Term Loan Facility”).
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